Super

This submission was in response to a request from the Federal Government for feedback on the objective of the superannuation system. We thank our members for their participation and responses. Objectives of Superannuation Download from here. This submission was in response to a request from the Federal Government for feedback on the objective of the

The two may be the only certainties in life, but the ongoing community conversation about tax reform has spurred some commentators to combine death and taxes. On offer is a solution to the nation’s revenue problem by imposing a “death tax” on certain asset holdings. Could your super savings be taxed after you’re gone? Tim

Reforms to superannuation taxes seem to be firmly back on the negotiating table after Prime Minister Malcolm Turnbull’s mini-summit last week. Business and community group participants were reportedly in near-unanimous agreement that tax concessions were in need of review in the reform process to ensure these were “fit for purpose” in Australia’s future tax landscape.

The Tax Office has begun contacting employers in specified industry groups with tailored support to help them understand and start using SuperStream. The Tax Office says it will be making contact over the coming months with small business employers that may not yet be using SuperStream to make super contributions. In all there are 22

Rules of thumb are sometimes handy, but no-one expects them to be accurate, and such rough standards naturally infer variability. One rule of thumb that has circulated in SMSF circles for years is that the bare minimum required to be able to cost-effectively run a fund is around $200,000. More than a guesstimation, the “bare